ANC, not Covid-19, have destroyed economy - DA; Curro, Foschini rights offer; Tongaat Hulett; Sasol
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In today's news headlines:
* DA leader John Steenhuisen says the ANC, not Covid-19, is to blame for the country’s economic woes after President Cyril Ramaphosa announced that the lockdown will be substantially eased;
* Tesla directors, including co-founder Elon Musk, awarded themselves massive compensation packages over a three-year period and improperly siphoned hundreds of millions of dollars out of the electric carmaker’s coffers, a pension fund invested in the company alleges;
* Covid-19 containment has broken many businesses and pushed many perilously close to collapse – but for the Sasol executive team this has proved to be a time to develop plans to improve the business and review its business and workforce structures;
* South African retailer The Foschini Group gained more than 5% on the Johannesburg stock exchange after announcing plans to raise about R4bn;
* Education provider Curro will use a R1.5bn oights offer to proactively reduce the gearing levels; and
* Troubled Tongaat Hulett has entered into an agreement with eSwatini’s Public Service Pensions Fund to sell Tambankulu Estates to help it reduce its massive debt. Learn more about your ad choices. Visit megaphone.fm/adchoices
* DA leader John Steenhuisen says the ANC, not Covid-19, is to blame for the country’s economic woes after President Cyril Ramaphosa announced that the lockdown will be substantially eased;
* Tesla directors, including co-founder Elon Musk, awarded themselves massive compensation packages over a three-year period and improperly siphoned hundreds of millions of dollars out of the electric carmaker’s coffers, a pension fund invested in the company alleges;
* Covid-19 containment has broken many businesses and pushed many perilously close to collapse – but for the Sasol executive team this has proved to be a time to develop plans to improve the business and review its business and workforce structures;
* South African retailer The Foschini Group gained more than 5% on the Johannesburg stock exchange after announcing plans to raise about R4bn;
* Education provider Curro will use a R1.5bn oights offer to proactively reduce the gearing levels; and
* Troubled Tongaat Hulett has entered into an agreement with eSwatini’s Public Service Pensions Fund to sell Tambankulu Estates to help it reduce its massive debt. Learn more about your ad choices. Visit megaphone.fm/adchoices
